Hot Research PM

Smucker: EPS Growth Looks Canned for Now

The firm may see negligible EPS growth in fiscal 2018 and mid- to upper-single-digit growth in fiscal 2019 and 2020.

Aug. 28, 2017 1:45 p.m. ET

Smucker (SJM: NYSE) By Hilliard Lyons ($107.51, Aug. 25, 2017)

Our two-year price target on Smucker is lowered by $10 to $130 per share.

Smucker (ticker: SJM) shares are trading at 13.8 times our fiscal 2018 earnings-per-share estimate (excluding amortization and nonrecurring items). This is below an 18.5 times figure one year ago and a...